Ningbo auto parts supplier expands its international reach with acquisition

    November 16, 2011 | BY

    clpstaff &clp articles

    Ningbo Huaxiang Electronic Company (Ningbo Huaxiang) has acquired Germany-based auto parts supplier Sellner Group for approximately Rmb186 million (US$29.3…

    Ningbo Huaxiang Electronic Company (Ningbo Huaxiang) has acquired Germany-based auto parts supplier Sellner Group for approximately Rmb186 million (US$29.3 million). The target went into insolvency earlier this year.

    The acquirer is a privately-owned manufacturer and has 15 factories across China. This is its first outbound acquisition. The target is a leading supplier of high-end automobile interior decoration components, with long-term supply agreements with BMW, Daimler and Audi.

    An international Freshfields Bruckhaus Deringer team advised Ningbo Huaxiang, led by Shanghai-based Dr. Heiner Braun.

    This premium content is reserved for
    China Law & Practice Subscribers.

    • A database of over 3,000 essential documents including key PRC legislation translated into English
    • A choice of newsletters to alert you to changes affecting your business including sector specific updates
    • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
    For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]